Edison Investment Research - Princess Private Equity Holdings (PEYA) Princess Private Equity Holding - Redeploying funds after strong realisations

Report

Edison Investment Research

Pedro Fonseca

Princess Private Equity Holding - Redeploying funds after strong realisations

Princess Private Equity (PEY) reported a c 21% NAV TR from January to end-October 2021 driven by exits (most notably GlobalLogic in Q121) and revaluations of existing portfolio holdings. PEY’s realisations outpaced new private equity investments in the period, which has led to an increase in net current assets. That said, PEY has temporarily allocated part of them in senior loans to mitigate the risk of cash drag and announced several new direct private equity investments that are still in the closure period. PEY’s investment manager is confident in its investment pipeline and expects PEY to be close to fully invested in H222.

26/11/2021 1 EN

Underlying

Princess Private Equity Holdings

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GG00B28C2R28 Frankfurt Stock Exchange Guernsey

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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Princess Private Equity Holding - Redeploying funds after strong realisations

Edison issues report on Partners Group Private Equity (PEY/PEYS)

Partners Group Private Equity - Healthy realisations in H124

Private Equity: Stick or twist? Avoiding the ‘pig in the python'

Games Workshop Group - A notable acceleration in Q225

Altron - Further margin expansion in H125

Sayona Mining - Catching up with majors

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